Today's most important upgrades

TD Securities upgraded BP (NYSE: BP) to Buy from Hold and raised its price target to $44.00 from $40.00 after the company reported a record annual profit, hiked its dividend by 10% and announced an additional $2.75 billion in share buybacks.

Shares jumped more than 8% intra-day today following the company’s reported Q4 results, with revenue of $70.36 billion beating the consensus estimate of $55.74 billion. EPS was $1.59, compared to the consensus estimate of $1.66.

Credit Suisse double-upgraded Lockheed Martin (NYSE: LMT) to Outperform from Underperform and lifted its price target to $510 from $427 given its updated sector outlook, improved confidence in the company's growth inflection, and the fact it estimates an upside opportunity.

Raymond James upgraded Kemper Corp (NYSE: KMPR) to Strong Buy from Outperform and raised its price target to $80.00 from $60.00. Shares gained nearly 10% intra-day today.

Daiwa Securities upgraded Pfizer (NYSE: PFE) to Outperform from Neutral with a price target of $51.00.

By Davit Kirakosyan

Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• Raymond James Assumes GE Vernova (GEV) at Market Perform
• BP held advanced talks with Ithaca for GBP 2B North Sea assets - FT